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Globe and Mail
35 minutes ago
- Globe and Mail
The Smartest Cryptocurrency to Buy With $1,000 Right Now
Key Points This top cryptocurrency commands 60% of the entire industry's market cap, and it's the largest and most valuable digital asset by far. There is a vast financial ecosystem that supports greater adoption of this crypto. Investors can have confidence in this network's staying power for the long term. 10 stocks we like better than Bitcoin › Recent developments have created a more favorable regulatory backdrop for the cryptocurrency industry. That should gives investors confidence when assessing whether they will put money to work. But among the sea of choices out there, it can feel like an impossible task trying to pick one. I think it's best to keep things simple. If you have $1,000 that you're ready to invest in this exciting asset class, look no further than this top cryptocurrency. I view it as the smartest investment to make in the sector. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Already a winner The entire crypto market is valued at roughly $4 trillion, as of July 24. However, there's one digital asset that reigns supreme. Bitcoin (CRYPTO: BTC), which carries a market cap of $2.4 trillion, represents 60% of the whole industry. I believe it's the best crypto to buy right now with $1,000. Introduced in early 2009, Bitcoin is the oldest cryptocurrency in the world. This gives it a valuable first-mover advantage. It has the brand recognition, as well as the mind share, that puts it ahead of all the other blockchains. Plus, Bitcoin is likely the first place investors look when thinking about allocating capital to cryptocurrency. Bitcoin is also the most liquid. Its market cap is more than five times more valuable than Ethereum 's. Just in the past 24 hours, about $30 billion worth of Bitcoin was sent between addresses. Bitcoin's network effect can't be overstated. There is a large group of developers working on maintaining it, and there are miners and nodes scattered around the globe supporting Bitcoin's functioning. This doesn't mention all the market participants that use Bitcoin. Looking more broadly, Bitcoin has a deep (and growing) financial ecosystem that supports its adoption. Financial services, including exchanges, wallets, payment systems, exchange-traded funds, and custody services, is one robust area that highlights how much development is taking place with Bitcoin. One of the biggest risks was that the U.S. government would ban Bitcoin. This is no longer something to worry about, as Bitcoin has been fully embraced. For example, the White House announced a planned Strategic Bitcoin Reserve, showcasing the importance of owning the digital asset at the federal level. Thinking about the next decade and beyond Warren Buffett is a legendary investor who has found tremendous success because his philosophy centers on owning durable businesses that have stood and will continue to stand the test of time. Investors should adopt the same approach when looking at the cryptocurrency industry. Yes, there will be smaller, more volatile, and more exciting tokens whose prices can skyrocket in a short period of time based on changing investor sentiment. But no one can confidently say that they will even be around a decade from now. Bitcoin stands above the rest. I believe it's the crypto that has the most staying power. It has survived up until now, successfully making it through changing economic conditions and multiple crypto winters, only to bounce back stronger than ever. This gives me confidence that it will not only be relevant, but will be thriving, far into the future. Gold currently has a market cap of $23.1 trillion. For thousands of years, the precious metal has been viewed as the scarcest asset in the world. Bitcoin is even scarcer, with an absolutely finite supply cap of 21 million units. This makes it extremely attractive to own, especially when compared to the excessive spending and rising debt of the U.S. government and other countries around the globe. A $1,000 investment in Bitcoin today could be worth significantly more years and decades down the road. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
Globe and Mail
35 minutes ago
- Globe and Mail
How Investing Just $10 a Day Could Make You a Millionaire by Retirement
Key Points Vanguard offers diversified ETFs with minimal investment requirements. This article covers two examples. Investing $10 daily can help you become a millionaire, but it will take some time. If you're short on time, boosting your savings can help you reach your goal years faster. The $23,760 Social Security bonus most retirees completely overlook › Preparing for retirement can feel daunting, and that is perfectly normal. Don't worry; nobody climbs mountains in a single leap, they do it by stepping over small rocks, one by one. Investing works the same way, especially when your goal is to save up enough money to pay your bills for years after you're too old to continue working for a paycheck. Anyone can retire a millionaire from investing their retirement savings in the stock market. It can take as little as investing $10 a day. Here's how that's possible, along with two fantastic investment ideas to help you achieve your retirement goals. Here is where you may want to invest your retirement savings Life guarantees nothing except death and taxes, but the U.S. stock market comes about as close to a sure thing as it gets in investing. The U.S. economy has continued to grow for many decades, resulting in substantial stock market returns over time. It's not a straight line; the market goes through ups and downs. Sometimes, it takes years to recover from a severe downturn. But it has always reached new highs eventually, and it's hard to bet against that for as long as America remains a global economic superpower. Instead of trying to pick individual stocks, exchange-traded funds (ETFs) offer straightforward and diversified exposure to the U.S. stock market. You can invest in an index of over 3,500 U.S. companies of all industries and sizes with the Vanguard Total Stock Market ETF. Additionally, the Vanguard S&P 500 ETF is an excellent way to track the S&P 500, a world-renowned index comprising 500 of the most prominent U.S. companies. Enough time and compounding can turn a daily $10 investment into a fortune Both of these ETFs have very low fees and a minimum investment of just $1, so yes, you can invest $10 (or less) daily into these funds. But how long will that take to make you a millionaire? The Vanguard Total Stock Market ETF has generated annualized returns of approximately 9% since its inception in 2001. Meanwhile, the Vanguard S&P 500 ETF has averaged an annual return of 14.5% since 2010. The S&P 500 has returned approximately 10% annually over the past 50 years, so this most recent 15-year stretch has been better than average. To be conservative, I'll assume investing in both funds generates an annual average return of 9%. Daily Investment Average Annual Return How Long to Reach $1 Million $10 9% 38 Years Data source: Calculations by author via a handheld investment calculator. A daily $10 investment totals $3,650 in annual savings contributions. As you can see, doing so would take approximately 38 years to reach the million-dollar milestone. Compounding is increasingly effective over time, so it's a tremendous advantage to start investing at a young age. But what if that can't be your path? Don't worry, here are some other scenarios If you don't have enough time to sit and wait for nearly four decades, don't worry. You can still accumulate quite a bit of wealth in most scenarios. Here are some hypothetical numbers. Note that the less time you give for compounding, the more you must save to achieve a similar result. Daily Investment Total Annual Contribution How Long to Reach $1 Million $20 $7,300 30 years $30 $10,950 26 years $40 $14,600 23 years $50 $18,250 21 years Data source: Calculations by author via a handheld investment calculator. You can see how jacking up your savings rate can shave years off your retirement-planning journey. Now, investing $18,250 annually isn't easy for most; it works out to $1,520 per month. Yet it may not be impossible. Some people earn enough to afford similar-sized truck or car payments, but forgo saving for retirement. That said, the idea should be to prioritize saving and investing enough money for your retirement goals, without sacrificing your quality of life along the way. It's about striking that healthy balance. Do that, and you'll be ahead of the game. The $23,760 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income. One easy trick could pay you as much as $23,760 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. Join Stock Advisor to learn more about these strategies.
Globe and Mail
35 minutes ago
- Globe and Mail
These Catalysts Could Lift Opendoor Stock Higher
Opendoor (NASDAQ: OPEN) has taken steps to improve profitability. *Stock prices used were the afternoon prices of July 23, 2025. The video was published on July 25, 2025. Should you invest $1,000 in Opendoor Technologies right now? Before you buy stock in Opendoor Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Opendoor Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
